The London BTC Co
BTC.LMarket valuation vs the Bitcoin it holds
1.39×
Premium
a 39% premium to Bitcoin NAV
The London BTC Co trades at 1.39× its Bitcoin NAV — you pay $1.39 for every $1 of Bitcoin it holds, a 5.48M USD pile.
Live · last updated
BTC held
86 BTC
Bitcoin treasury
Bitcoin NAV
5.48M USD
at today's BTC price
Market cap
7.63M USD
Fully diluted
Share price
1.65 GBX
GBX
Last BTC buy
20.9 BTC
Jul 21, 2025
mNAV over time
Full history · dilutedToday's 1.39× sits in a 52-week range of 1.14× to 32.15×.
mNAV · 52-week range
1.14×–32.15×
1.14×now 1.39×32.15×
About The London BTC Co
The London BTC Co (BTC.L) owns 86 BTC. At today's price that Bitcoin is worth 5.48M USD. The market caps the whole company at 7.63M USD — 1.39× its Bitcoin. Put plainly: you pay $1.39 for every $1 of Bitcoin it holds, a 39% premium for everything that isn't the Bitcoin. It bought in at an average of 136.8K USD per coin.
The London BTC Co (BTC.L) mNAV — frequently asked
- What is The London BTC Co (BTC.L)'s mNAV?
- The London BTC Co's mNAV is currently 1.39×. mNAV divides BTC.L's market capitalisation by the value of the Bitcoin it holds, so 1.39× means the market values the company at 1.39× the worth of its Bitcoin treasury (5.48M USD).
- Is The London BTC Co (BTC.L) overvalued versus its Bitcoin?
- At 1.39×, The London BTC Co (BTC.L) trades at a 39% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 1.14×–32.15×.
- How much Bitcoin does The London BTC Co (BTC.L) hold?
- The London BTC Co holds 86 BTC, worth 5.48M USD at current prices. Its most recent purchase was 20.9 BTC on Jul 21, 2025.
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